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Virtual Corporate Card

What is a Virtual Corporate Card in Business Travel?

A Virtual Corporate Card is a digital payment tool that allows businesses to issue secure, customizable cards without needing physical plastic. These cards are linked to the company’s central account and can be single-use or multi-use, depending on business needs. Finance teams can set spending limits, vendor restrictions, and expiration dates to ensure full control over corporate expenses. Unlike Virtual Card Numbers (VCNs), which are often one-time-use, Virtual Corporate Cards are typically reusable and assigned to employees or departments for ongoing expenses. In corporate travel, they streamline payments for flights, hotels, and car rentals while enhancing compliance and fraud protection. Platforms like TripGain integrate Virtual Corporate Cards to automate payment tracking and expense reconciliation.

Examples Of Virtual Corporate Card Usage
1.
Employee Travel Bookings
A Company Issues A Virtual Corporate Card To An Employee For Booking Flights And Hotels Securely.
2.
Controlled Subscriptions
Finance Teams Create Separate Virtual Cards For Saas Subscriptions, Simplifying Reconciliation And Avoiding Overspending.
3.
Vendor Payments
A Travel Manager Generates A One-Time-Use Corporate Card For Vendor Payments, Reducing Misuse Risks.
Frequently Asked Questions About Virtual Corporate Card
1.
How is a Virtual Corporate Card different from a Virtual Card Number (VCN)?
A Virtual Corporate Card is usually reusable and tied to an employee or department, while a VCN is typically single-use or transaction-specific.
2.
Can Virtual Corporate Cards be used for in-store purchases?
Yes, many Virtual Corporate Cards can be added to mobile wallets like Apple Pay or Google Pay for secure, contactless in-store payments.
3.
Does TripGain support Virtual Corporate Cards?
Yes! TripGain integrates with payment providers to issue and manage Virtual Corporate Cards, ensuring secure and automated travel expense management.